Key Takeaways - BlackRock unveils the BlackRock USD Institutional Digital Liquidity Fund, a blockchain-based fund represented by the BUIDL token, which is backed by cash, U.S. Treasury bills, and repurchase agreements. - The fund aims to deliver daily yield to token holders through blockchain technology, with Securitize serving as the transfer agent and tokenization platform, and BNY Mellon as the custodian. - This initiative is part of BlackRock's broader strategy to explore digital assets, coming on the heels of a strategic investment in Securitize, though the financial terms remain undisclosed.
